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The Croman name is playing in the Manhattan multifamily sandbox again, but this time the next generation is betting on the winning strategy. Jake and Adam Croman have quietly assembled a portfolio of small apartment buildings across Manhattan, leaning into rent-stabilized assets that much of the market has shunned since the 2019 Housing Stability and Tenant Protection Act upende...

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An inmate at the Brooklyn jail where the Alexander brothers are detained has been accused of allowing other prisoners, including Oren Alexander, to use his contraband cellphone.  Federal prosecutors charged David Motovich, a convicted fraudster and former owner of a lumberyard in Midwood, with possessing an illegal phone in a complaint unveiled earlier this week. The docume...

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There were 196 transactions totaling $306 million filed in New York City records in the 24 hours before 2:30 p.m. on Thursday, July 3. 🏆 Commercial: A warehouse in Long Island City at 44-68 Vernon Boulevard sold for $15.5 million, representing the top commercial deal to hit records in the Big Apple. Queenbea 44-68 LLC was the seller. LIC Vernon 45 LLC was the buyer. The buildin...

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This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Mayor Zohran Mamdani got his rent freeze. Now the real estate industry is asking what comes next for the city’s rent-stabilized buildings. That question is front and center for Rafael Cestero, CEO of the Community Preservation Corporation, which bills itself a...

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An $8 million sale doesn’t typically raise eyebrows in Brooklyn’s Gravesend neighborhood.  The enclave, home to a tight-knit Syrian-Jewish community, has become known for its single-family homes that often trade for millions of dollars, as wealthy local families swap expensive homes like trading cards. Last year, Eli Gindi, a member of the Gindi real estate family, sold his...

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